Saxena White Announces Preliminary Approval of Settlement with HD Supply Holdings Inc.

Saxena White is pleased to announce preliminary approval of the settlement reached in In re HD Supply Holdings, Inc Securities Litigation, pending in the United States District Court for the Northern District of Georgia, for $50 million. The Complaint alleges that HD Supply deceived investors that the Company had recovered from a major supply chain disruption, when in fact Defendants knew that the problems were ongoing and would take significantly longer to fix. A final approval hearing is set for July 21, 2020.